H.R. 2627 · 109th Congress
To require the Federal Trade Commission to monitor and investigate gasoline prices under certain…
Full title
To require the Federal Trade Commission to monitor and investigate gasoline prices under certain circumstances.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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Requires the Federal Trade Commission (FTC) to investigate the retail price of gasoline in a state in which the average price of regular grade gasoline has increased 20 percent or more for at least seven days during any three-month period in order to determine if the price is being artificially manipulated by reducing refinery capacity or by any other form…
What it does: CRS summary · Introduced in House · May 25, 2005
Requires the Federal Trade Commission (FTC) to investigate the retail price of gasoline in a state in which the average price of regular grade gasoline has increased 20 percent or more for at least seven days during any three-month period in order to determine if the price is being artificially manipulated by reducing refinery capacity or by any other form of manipulation.
Requires the FTC to present investigation results at a public hearing in the state in which the retail price of gasoline was investigated.
Requires the FTC, in cooperation with the Attorney General of the relevant state, to take appropriate action if it determines that the increase in gasoline prices in a state is a result of market manipulation.
Requires the FTC to notify the Secretary of Energy, who shall, within two weeks of such notification, decide if the Strategic Petroleum Reserve should be used to assure adequate supplies of gasoline, if the FTC determines that the increase in gasoline prices in a state is not the result of market manipulation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To require the Federal Trade Commission to monitor and investigate gasoline prices under certain circumstances.
Latest action (Jun 17, 2005): Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Policy area: Energy · Origin: House · Introduced: May 25, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.